The cross-national diversity of corporate governance: Dimensions and determinants

• 成果类型: Review
• 署名作者: Aguilera, RV; Jackson, G
• 署名单位: University of Illinois System; University of Illinois Urbana-Champaign
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.5465/amr.2003.10196772
• 发表日期: 2003
• 页码: 447-465
• 关键词: Agency theory; OWNERSHIP; management; networks; COMPENSATION; PERSPECTIVES; performance; capitalism

摘要

We develop a theoretical model to describe and explain variation in corporate governance among advanced capitalist economies, identifying the social relations and institutional arrangements that shape who controls corporations. what interests corporations serve. and the allocation of rights and responsibilities among corporate stakeholders. Our actor-centered institutional approach explains firm-level corporate governance practices in terms of institutional factors that shape how actors' interests are defined (socially constructed) and represented. Our model has strong implications for studying issues of international convergence.